GCSE Edexcel Business 1.1, 1.2 and 1.3

GCSE Edexcel Business 1.1, 1.2 and 1.3

3rd Grade

50 Qs

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GCSE Edexcel Business 1.1, 1.2 and 1.3

GCSE Edexcel Business 1.1, 1.2 and 1.3

Assessment

Quiz

Business

3rd Grade

Practice Problem

Medium

Created by

Ms Cave

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50 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do new business ideas come about?

Changes in government policies

Changes in technology

Changes in global trade

Changes in population growth

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a reason for a product becoming obsolete?

Improved marketing

Increased advertising

Technological advancements

Higher quality materials

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of adapting an existing idea?

Inventing a smartphone

Adding a new feature to an existing phone

Designing a completely new car

Selling a traditional product in a new market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an original idea in business?

Improving a competitor's product

Creating a new product that has never existed before

Advertising an existing product

Reducing production costs

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do changes in consumer wants influence business?

Businesses produce more of the same products

Businesses innovate to meet customer demands

Consumers stop buying products

Government regulates business activity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a common financial risk for a business?

Customer loyalty

Profit maximization

Lack of funds

Better branding

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is an example of a reward for a successful business?

Paying debts

Gaining independence

Struggling with competitors

Losing market share

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